Tag Archives: sue

BB to sue Manila bank to recover stolen fund

Community Bank

MNA Business Desk: Bangladesh Bank has decided to sue a Philippines bank in a US court for damages over the 2016 heist of its central bank’s reserve. Unidentified hackers stole $81 million from Bangladesh Bank’s account at the New York Fed, using fraudulent orders on the SWIFT payments system. The fund was sent to Manila-based Rizal Commercial Banking Corp or RCBC and then disappeared into the casino industry in the Philippines. Finance Minister AMA Muhith on Wednesday first confirmed Bangladesh’s move to start the lawsuit. The Bangladesh Bank provided details in a media briefing later in the day. The case ...

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British pop star Cliff Richard will sue BBC


MNA Culture & Entertainment Desk: British pop star Cliff Richard confirmed that he will sue the BBC and the police after a raid on his home was broadcast live on TV.         The 75-year-old entertainer alleges there was conspiracy between the broadcaster and police that lead to the search being shown on live television. Officers investigating allegations of historic sex offences were filmed searching his Berkshire flat in 2014, leading the performer to be named publicly. But now the veteran singer wants to claw back the amount he says he lost personally and commercially as a result of the episode – ...

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